Retirement Riches: How to Accumulate Rs 5 Crore by 60, Even Starting at 40!
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News18•02-02-2026, 13:13
Retirement Riches: How to Accumulate Rs 5 Crore by 60, Even Starting at 40!
- •Personal finance experts recommend starting retirement planning early, but it's still achievable even if you begin at 40.
- •The 'magic of compounding' is key, especially through Systematic Investment Plans (SIPs) in mutual funds.
- •To reach Rs 5.06 crore by age 60, invest Rs 55,000 monthly for 20 years, assuming a 12% annual return.
- •For a target of Rs 5.98 crore, increase your monthly SIP to Rs 65,000 for 20 years with the same 12% return.
- •Alternatively, start with a lower SIP of Rs 40,000 and increase it by 10% annually (step-up method) to reach your goal.
Why It Matters: Achieving a Rs 5-6 crore retirement fund is possible by 60, even starting at 40, through consistent SIPs and compounding.
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